Plan Ledger DOL Form 5500 · updated monthly

Parts Express International, Inc.401(k)

PARTS EXPRESS INTERNATIONAL, INC. 401(K) PLAN · SPRINGBORO, OH · plan year 2023

Employer contribution per participant · 2023
$1,399

Parts Express International, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $5,756,312 across 169 participant accounts, with employer contributions averaging $1,399 per active participant. See methodology for what Form 5500 does and doesn't capture.

Across the 2 years on file its reported administrative ratio rose from 0.56% to 0.81%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,449th of 3,295), and 3,554th of 5,215 in retail trade. In 2023, employees put in $3.33 for every $1.00 the employer contributed; active participation has shrunk from 107 to 94 since 2022.

Plan summary
Net assets, end of year$5,756,312
Participants with balances169
Active participants94
Employer contributions$131,513
Employee contributions$438,360
Employer contribution per active participant$1,399
Average account balance$34,061
Benefits paid to participants$743,422
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 108 accts · $124K emplr
2023$5.8M · 169 accts · $132K emplr
2022$5.1M · 179 accts · $124K emplr
The Parts Express International, Inc. 401(k) match · 2023
Employer contribution per active participant$1,399
Median for plans this size$1,308
2024$1,318 per active participant
2023$1,399 per active participant
2022$1,158 per active participant

Parts Express International, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Service providers · 20233
TRANSAMERICA RETIREMENT SOLUTIONS L · Recordkeeping · Loan processing$34,546
CREATIVE RETIREMENT SYSTEMS, INC. · Recordkeeping · Loan processing$2,400
MORGAN STANLEY SMITH BARNEY LLC · Insurance broker · Insurance servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024CREATIVE RETIREMENT SYSTEMS, INC., Transamerica
2023CREATIVE RETIREMENT SYSTEMS, INC., Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,169 · 0.81%
2023Not separately reported
2022$33,091 · 0.56%
Similar plansRetail Trade · Ohio
Q.N.P. Inc. OH$6.6M · 0.76%
Woodpeckers LLC OH$6.5M · 0.62%
Park Auto South, Inc. OH$5.4M · 0.68%
Dave Arbogast Group, Inc. OH$5.2M · 1.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311190378 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.